(1) Politicians know that there are always more tenants than landlords and (2) more people who do not understand economics than people who do. (3) That makes rent control laws something likely to lead to a net increase in votes for politicians who pass rent control laws.
A landlord is only permitted to charge a certain price for renting a property or renewing a lease under a government policy called rent control. Municipalities typically pass rent control legislation, although the specifics might differ greatly. All are designed to keep housing expenses within the reach of those with modest incomes.
The oldest rent control regulations in the United States, which were frequently outright rent freezes, date to the 1920s. These often turned out to be useless. The concept of rent control reappeared in the 1970s, this time in a more mild form known as "rent stabilization."
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